Home Affordability in 70501
Lafayette, LA — Lafayette Parish
The median home price in ZIP code 70501 (Lafayette) is $215,000 with a median household income of $48,000. The price-to-income ratio is 4.5x.
Median Home Price
$215,000
Median Income
$48,000
Price-to-Income
4.5x
Est. Affordable Home
$187,000
Property Tax Rate
0.50%
Annual Property Tax
$1,075
Cost of Living
90
Metro Area
Lafayette MSA
Down Payment Scenarios for ZIP 70501
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $6,450 | $208,550 | Yes |
| 5% | $10,750 | $204,250 | Yes |
| 10% | $21,500 | $193,500 | Yes |
| 20% | $43,000 | $172,000 | No |
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